Black Zones is a converted and optimized support and demand indicator inspired by the popular MT4 Shved Supply and Demand. It is designed to identify key liquidity zones on any forex, indices, metals or crypto chart. By leveraging fractal analysis and ATR, it pinpoints high-probability reversal zones, helping traders make informed decisions. Version 1.0 enhances the original logic with a robust ATR filter, a new level scanner, an improved MTF support, and a toggle button.
Features:
-Accurate Zone Detection: Identifies support/resistance zones using fast and slow fractals.
-Multi-Timeframe (MTF) Support: Displays higher timeframe zones on lower timeframe charts.
-Retest Counter: Tracks zone retests for strength assessment (Proven, Verified, etc.).
-Customizable Settings: Adjust zone appearance, ATR fuzz factor, and merge/extend options.
-Toggle Button: Show/hide zones with a single click for chart clarity.
-Alerts & Notifications: Pop-ups, sounds, and mobile alerts for zone entries.
May 9 Update, download it again.
-Added Show/Hide Zones button persistency
-Improved ATR scan logic
-Improved data initialization on MT5 custom TF
